Examlex
Most students graduating in the next few years either will work for small businesses or will create new small businesses of their own,usually without a designated HR department.This means that entrepreneurs,employees,HR managers,and all managers in small,medium,and large businesses should be educated on human resources management.
Allowance for Doubtful Accounts
An accounting concept used to estimate the portion of accounts receivable that may not be collected.
Net Credit Sales
The total revenue from sales made on credit, after subtracting returns and allowances.
Uncollectible Accounts
Accounts receivable that a company does not expect to receive payment for, often written off as bad debts.
Percentage-of-Receivables Method
An accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of the total receivables.
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